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Renovated 40-Unit Apartment Complex

8207 Schaefer Hwy, Detroit, MI 48228

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For Sale

$2,800,000

Renovated 40-unit apartment complex near Dearborn, Detroit.

Type:Investment

Lot size:

0.62 Acres

We can help!

Contact an agent

Justin Zehel

Real Estate License ID: 3598465

HighLights

Renovated 40‑unit brick apartment complex in high‑demand location near Dearborn.
Features a mix of 1‑bed and 2‑bed units with 80% current occupancy.
Updated boilers and roof.
Environmental clearance obtained.
Rear parking lot for tenants and security system in place.
Opportunity to purchase as a package with 3 other apartment complexes.

For Sale

$2,800,000

Renovated 40-unit apartment complex near Dearborn, Detroit.

Type:Investment

Lot size:

0.62 Acres

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 9:40 am

Property Features for 8207 Schaefer Hwy

General Information

Standard status: Active
Lot size: 0.62 Acres
Property subtype: Investment

Building Details

Year Built: 1957

We can help!

Contact an agent

Justin Zehel

Listing office Eagle Realty LLC d/b/a Keller Williams Eagle Realty

Listing date Mar 10, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Eagle Realty LLC d/b/a Keller Williams Eagle Realty

HighLights

Renovated 40‑unit brick apartment complex in high‑demand location near Dearborn.
Features a mix of 1‑bed and 2‑bed units with 80% current occupancy.
Updated boilers and roof.
Environmental clearance obtained.
Rear parking lot for tenants and security system in place.
Opportunity to purchase as a package with 3 other apartment complexes.

Overview

This is a renovated 40-unit brick apartment complex, consisting of four connected two-story buildings, each containing 10 units. The unit mix includes thirty-six 1-bedroom, 1-bathroom units and four 2-bedroom, 1-bathroom units. The property is situated on a 27,007 square foot site. The current occupancy rate is 80%. The property features updated boilers and roof, and has been environmentally cleared. A rear parking lot is available for tenants, and a security system is in place. The property is located near Dearborn and presents an ideal opportunity for a cash buyer or bank financing. A property manager is currently in place, offering the option to retain their services or self-manage. This complex can be purchased as part of a package deal with three other apartment complexes.

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Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -83.1777
Latitude: 42.3541

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For sale
Apartment buildings
MI
Detroit
48228
8207 Schaefer Hwy

What type of property is this?

Apartment building - Renovated 40-unit apartment complex near Dearborn, Detroit.

Where is this apartment building located?

The property is located at 8207 Schaefer Hwy Detroit, MI.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Renovated 40‑unit brick apartment complex in high‑demand location near Dearborn.; Features a mix of 1‑bed and 2‑bed units with 80% current occupancy.; Updated boilers and roof.